Erie Indemnity Company reported net income of $182.9 million, or $3.50 per diluted share, for the third quarter of 2025, compared to $159.8 million, or $3.06 per diluted share, for the same period in 2024. For the first nine months of 2025, net income was $496.0 million, or $9.48 per diluted share, up from $448.3 million, or $8.57 per diluted share, in the corresponding period of 2024. Operating income for the third quarter of 2025 was $208.9 million, compared to $180.1 million in the third quarter of 2024. For the first nine months of 2025, operating income was $559.5 million, compared to $509.1 million in the same period of 2024. Investment income rose to $21.6 million in the third quarter of 2025 from $19.5 million in the prior-year quarter. For the first nine months of 2025, investment income was $60.7 million, up from $48.5 million in the same period of 2024. Dividends declared per share for Class A common stock were $1.37 in the third quarter of 2025, compared to $1.28 in the prior-year quarter, and $4.10 for the first nine months of 2025, compared to $3.83 in the same period of 2024. For Class B common stock, dividends were $204.75 in the third quarter of 2025, up from $191.25 in the third quarter of 2024, and $614.25 for the first nine months of 2025, compared to $573.75 in the same period of 2024. As of September 30, 2025, cash and cash equivalents totaled $568.6 million, compared to $298.4 million at December 31, 2024. Available-for-sale securities amounted to $59.8 million at the end of the third quarter of 2025, up from $44.6 million at year-end 2024. Receivables from Erie Insurance Exchange and affiliates were $780.5 million as of September 30, 2025, compared to $707.1 million at December 31, 2024.